Follow The Filings

Baupost Group LLC Seth Klarman

Boston, MA 20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

  • $5.4B
  • 23 holdings
  • 2026 Q2
  • +5.9% QoQ
  • Top 5 50.0%

Portfolio

2026 Q2, filed 8/13/2026, top 12 of 23 holdings

Top 5 50.0%, top 10 74.9%

  1. AMZN, Amazon 16.5%
  2. ELV, Elevance Health 9.1%
  3. QSR, Restaurant Brands International 9.0%
  4. GOOG, Alphabet 9.0%
  5. FERG, Ferguson 6.4%
  6. GPC, Genuine Parts 6.1%
  7. UNP, Union Pacific 6.0%
  8. V, Visa 4.4%
  9. WCC, Wesco International 4.2%
  10. AON, Aon 4.2%
  11. TFX, Teleflex 3.3%
  12. NCLH, Norwegian Cruise Line 3.0%
  13. Other 18.8%

AUM over time

2026 Q2 $5.4B +5.9% QoQ
2021 Q3: $10.9B 2021 Q3: $10.9B
Q3 2021
2021 Q4: $10.1B, −7.0% QoQ 2021 Q4: $10.1B, −7.0% QoQ
Q4
2022 Q1: $9.3B, −8.2% QoQ 2022 Q1: $9.3B, −8.2% QoQ
Q1 2022
2022 Q2: $6.8B, −27.2% QoQ 2022 Q2: $6.8B, −27.2% QoQ
Q2
2022 Q3: $5.8B, −14.4% QoQ 2022 Q3: $5.8B, −14.4% QoQ
Q3
2022 Q4: $6.1B, +5.8% QoQ 2022 Q4: $6.1B, +5.8% QoQ
Q4
2023 Q1: $5.8B, −4.6% QoQ 2023 Q1: $5.8B, −4.6% QoQ
Q1 2023
2023 Q2: $5.6B, −4.0% QoQ 2023 Q2: $5.6B, −4.0% QoQ
Q2
2023 Q3: $5.2B, −7.1% QoQ 2023 Q3: $5.2B, −7.1% QoQ
Q3
2023 Q4: $4.6B, −12.1% QoQ 2023 Q4: $4.6B, −12.1% QoQ
Q4
2024 Q1: $3.7B, −20.4% QoQ 2024 Q1: $3.7B, −20.4% QoQ
Q1 2024
2024 Q2: $3.6B, −0.5% QoQ 2024 Q2: $3.6B, −0.5% QoQ
Q2
2024 Q3: $3.5B, −3.2% QoQ 2024 Q3: $3.5B, −3.2% QoQ
Q3
2024 Q4: $3.4B, −2.3% QoQ 2024 Q4: $3.4B, −2.3% QoQ
Q4
2025 Q1: $3.5B, +1.8% QoQ 2025 Q1: $3.5B, +1.8% QoQ
Q1 2025
2025 Q2: $4.1B, +18.1% QoQ 2025 Q2: $4.1B, +18.1% QoQ
Q2
2025 Q3: $4.8B, +16.0% QoQ 2025 Q3: $4.8B, +16.0% QoQ
Q3
2025 Q4: $5.3B, +10.2% QoQ 2025 Q4: $5.3B, +10.2% QoQ
Q4
2026 Q1: $5.1B, −3.1% QoQ 2026 Q1: $5.1B, −3.1% QoQ
Q1 2026
2026 Q2: $5.4B, +5.9% QoQ 2026 Q2: $5.4B, +5.9% QoQ
Q2

Book

2024 Q4 2024 Q3, filed 13 Feb, long equity only

Download CSV Download Excel All activity
WTW, Willis Towers Watson 16.75%, was 14.92% Add +3.1% 1,836,748 $313.24 $575M +55,542 +$51M
LBTYK, Liberty Global Class C 15.09%, was 26.00% Reduce −6.8% 39,453,843 $13.14 $518M −2,857,168 −$396M
GOOG, Alphabet 7.91% Reduce −2.7% 1,425,988 $190.44 $272M −39,600 +$27M
WCC, Wesco International 7.56%, was 6.01% Add +14.1% 1,435,671 $180.96 $260M +177,671 +$48M
CRH, CRH PLC 7.12%, was 6.95% Add +0.2% 2,641,402 $92.52 $244M +4,800 −$135K
FERG, Ferguson 5.72% New 1,132,000 $173.57 $196M +1,132,000 +$196M
QSR, Restaurant Brands International 5.51%, was 0.06% Add +10155.5% 2,901,700 $65.18 $189M +2,873,406 +$187M
CLVT, Clarivate 5.37%, was 7.86% Reduce −6.8% 36,279,205 $5.08 $184M −2,650,430 −$92M
EXP, Eagle Materials 4.59%, was 4.09% Add +27.6% 638,223 $246.76 $157M +137,950 +$14M
DG, Dollar General 4.55%, was 5.54% Reduce −10.5% 2,060,800 $75.82 $156M −243,000 −$39M
VSAT, Viasat 3.03% Hold 12,222,590 $8.51 $104M — —
GDS, GDS Holdings 2.94% Hold 4,249,952 $23.76 $101M — —
Sunrise Communications 2.93% New 2,335,263 $43.08 $101M +2,335,263 +$101M
SOLV, Solventum 2.78%, was 3.61% Reduce −20.5% 1,446,300 $66.06 $96M −373,700 −$31M
HUM, Humana 2.56% New 346,000 $253.71 $88M +346,000 +$88M
LBTYA, Liberty Global Class A 1.93%, was 4.32% Reduce −27.7% 5,201,444 $12.76 $66M −1,992,832 −$86M
Herbalife 1.48%, was 1.05% Add +48.3% 7,600,526 $6.69 $51M +2,476,000 +$14M
GPC, Genuine Parts 1.07% New 315,337 $116.76 $37M +315,337 +$37M
LBRDA, Liberty Broadband Series C 0.37% Hold 170,610 $74.76 $13M — —
Tamboran Resources 0.35% Hold 570,833 $20.99 $12M — —
LBRDA, Liberty Broadband Series A 0.02% Hold 7,560 $74.34 $562K — —

Exits / last held

Gone since 2024 Q3, shown at their last reported size.

Stock % of portfolio Recent activity Shares Reported price* Value Share change $ change
FIS, Fidelity National Information Services 2.31% Exit 0 $83.75 $81M −971,460 −$81M
J, Jacobs Solutions 1.31% Exit 0 $130.90 $46M −350,681 −$46M
FTRE, Fortrea 1.30% Exit 0 $20.00 $46M −2,293,167 −$46M

Weight bar: held both quarters added sold at this quarter’s reported price

* Reported price is value ÷ shares from the 13F as of period end, not a live market quote. Weight % is each long-equity position ÷ full 13F AUM, so rows may not sum to 100% when the filing includes options or other non-equity (excluded from this table). Share change and $ change are vs 2024 Q3. Click a column header to sort, or New, Hold, Add or Reduce to bring those moves to the top. Exit opens the last-held block below.

Filings history

20 periods, with AUM normalized

Newest 13Fs
Period Holds AUM QoQ Form Filed Filing ID
2026 Q2 23 $5.4B +5.9% 13F-HR 8/13/2026 000106176826000010
2026 Q1 22 $5.1B −3.1% 13F-HR 5/14/2026 000106176826000007
2025 Q4 22 $5.3B +10.2% 13F-HR 2/13/2026 000106176826000005
2025 Q3 22 $4.8B +16.0% 13F-HR 11/13/2025 000106176825000007
2025 Q2 23 $4.1B +18.1% 13F-HR 8/13/2025 000106176825000005
2025 Q1 23 $3.5B +1.8% 13F-HR 5/14/2025 000106176825000003
2024 Q4 22 $3.4B −2.3% 13F-HR 2/13/2025 000106176825000002
2024 Q3 21 $3.5B −3.2% 13F-HR 11/13/2024 000106176824000005
2024 Q2 24 $3.6B −0.5% 13F-HR 8/13/2024 000156761924000363
2024 Q1 22 $3.7B −20.4% 13F-HR 5/14/2024 000156761924000317
2023 Q4 23 $4.6B −12.1% 13F-HR 2/13/2024 000156761924000192
2023 Q3 32 $5.2B −7.1% 13F-HR 11/13/2023 000156761923007709
2023 Q2 29 $5.6B −4.0% 13F-HR 8/11/2023 000156761923006910
2023 Q1 31 $5.8B −4.6% 13F-HR 5/12/2023 000156761923006061
2022 Q4 34 $6.1B +5.8% 13F-HR 2/13/2023 000156761923002543
2022 Q3 45 $5.8B −14.4% 13F-HR 11/14/2022 000156761922020125
2022 Q2 52 $6.8B −27.2% 13F-HR 8/12/2022 000156761922015853
2022 Q1 55 $9.3B −8.2% 13F-HR 5/13/2022 000156761922010529
2021 Q4 54 $10.1B −7.0% 13F-HR 2/11/2022 000156761922003626
2021 Q3 57 $10.9B — 13F-HR 11/12/2021 000156761921020056

About

Baupost Group LLC

20 processed 13Fs on this site, 2021 Q3 to 2026 Q2

Notable person
Seth Klarman
SEC filing name
BAUPOST GROUP LLC/MA
Location
Boston, MA
All SEC filings
View on sec.gov